Examlex
Which of the following can you do by using PowerPoint to create a photo album?
Firms
Business entities or organizations engaged in commercial, industrial, or professional activities, either for profit or non-profit.
Market
Any structure that allows buyers and sellers to exchange types of goods, services, and information.
Factor Market
This refers to markets where services of the factors of production (not the actual products) such as labor, capital, and land are bought and sold.
Resources
Inputs used in the production of goods and services, including labor, capital, land, and technology.
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